Case Study: Sale of Unused 70 MW GE 6FA Gas Turbine to India
Client: Rolls-Royce Power Ventures
Buyer: Lanco Group / Aban Power (India)
Location: United Kingdom to Tamil Nadu, India
Scope: Valuation, exclusive marketing, sale, and export support
Asset: 70 MW GE PG6101FA Gas Turbine Generator Package (Unused)
Deal Value: £12.4 million
Date: May 2003
CESS was appointed in 2002 to value an unused GE PG6101FA gas turbine generator package acquired for a UK combined-cycle project that did not proceed. The equipment remained crated, with technical documentation and OEM warranty information available.
Following the appraisal, Rolls-Royce Power Ventures appointed CESS on an exclusive sale mandate. CESS prepared the technical sale material, managed international buyer engagement and supported the client’s review of interested parties. Lanco Group / Aban Power was selected in connection with a planned development in Tamil Nadu.
The package included a dual-fuel 50 Hz gas turbine, an 11.5 kV generator rated at 70.1 MW ISO, Mark V controls and associated mechanical and electrical auxiliaries. The final sale perimeter and exclusions were documented for the transaction.
After agreement of the sale in May 2003, CESS supported crate and manifest checks, export documentation, shipping coordination and liaison regarding OEM support and site-specific interfaces.
Outcome: The package was sold for £12.4 million and exported to India. The assignment is a useful example of combining an independent initial appraisal with a separately instructed exclusive sale process.